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VT S0019

VT S0019
An act relating to allowing silver-level nonqualified health benefit plans to be offered outside the Vermont Health Benefit Exchange


summary

Introduced
01/12/2017
In Committee
01/24/2018
Crossed Over
Passed
02/01/2018
Dead
Signed/Enacted/Adopted
02/21/2018

Introduced Session

2017-2018 Session

Bill Summary

An act relating to allowing silver-level nonqualified health benefit plans to be offered outside the Vermont Health Benefit Exchange

AI Summary

This bill allows silver-level non-qualified health benefit plans to be offered outside the Vermont Health Benefit Exchange. The bill amends existing law to enable registered carriers to offer silver-level non-qualified plans that do not include funding to offset the loss of federal cost-sharing reduction payments, in the event that those payments are suspended or discontinued. The bill requires the Green Mountain Care Board to ensure that the rates for the silver-level qualified plans offered through the Exchange include funding to offset the loss of the federal payments, while the rates for the reflective silver plans do not include such funding. The reflective silver plans are required to comply with certain requirements, except that they cannot be offered through the Exchange.

Committee Categories

Budget and Finance, Health and Social Services

Sponsors (4)

Last Action

Signed by Governor on February 20, 2018 (on 02/21/2018)

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